3M (NYSE:MMM) EVP Jeffrey R. Lavers offered 6,219 shares of the agency’s stock in a transaction dated Tuesday, December eighth. The shares had been offered at a median price of $172.09, for a complete transaction of $1,070,227.71. Following the completion of the sale, the chief vice chairman now owns 10,643 shares of the corporate’s stock, valued at roughly $1,831,553.87. The sale was disclosed in a doc filed with the Securities & Trade Fee, which will be accessed by the SEC web site.
Shares of MMM traded up $0.44 throughout mid-day buying and selling on Wednesday, reaching $172.90. 36,674 shares of the corporate’s stock had been exchanged, in comparison with its common quantity of three,421,819. The corporate has a fast ratio of 1.37, a present ratio of 1.90 and a debt-to-equity ratio of 1.54. The corporate has a 50-day easy shifting common of $169.05 and a two-hundred day easy shifting common of $162.47. 3M has a 52-week low of $114.04 and a 52-week excessive of $182.54. The corporate has a market cap of $99.73 billion, a price-to-earnings ratio of 20.22, a PEG ratio of two.18 and a beta of 0.94.
3M (NYSE:MMM) final issued its quarterly earnings information on Sunday, November 1st. The conglomerate reported $2.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.17. 3M had a web margin of 15.65% and a return on fairness of 44.77%. The enterprise had income of $8.35 billion through the quarter, in comparison with analysts’ expectations of $8.38 billion. Throughout the identical interval final yr, the corporate posted $2.58 EPS. The corporate’s income was up 4.5% on a year-over-year foundation. As a bunch, equities analysis analysts predict that 3M will publish 8.62 EPS for the present fiscal yr.
The agency additionally lately disclosed a quarterly dividend, which will probably be paid on Saturday, December 12th. Stockholders of document on Friday, November 20th will probably be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $5.88 dividend on an annualized foundation and a dividend yield of three.40%. 3M’s dividend payout ratio (DPR) is 64.62%.
A variety of equities analysis analysts lately commented on the stock. Credit score Suisse Group raised their price goal on shares of 3M from $179.00 to $197.00 and gave the corporate an “outperform” score in a analysis report on Wednesday, September 16th. TheStreet upgraded shares of 3M from a “c+” score to a “b” score in a analysis report on Tuesday, October 27th. JPMorgan Chase & Co. raised their price goal on shares of 3M from $159.00 to $170.00 and gave the corporate a “impartial” score in a analysis report on Wednesday, October seventh. Gordon Haskett upgraded shares of 3M from an “underperform” score to a “maintain” score and set a $170.00 price goal for the corporate in a analysis report on Wednesday, October seventh. Lastly, Morgan Stanley elevated their goal price on shares of 3M from $173.00 to $176.00 and gave the corporate an “equal weight” score in a report on Wednesday, October 28th. Two funding analysts have rated the stock with a promote score, ten have given a maintain score and two have assigned a purchase score to the stock. The stock at present has a median score of “Maintain” and a median price goal of $167.31.
Institutional buyers and hedge funds have lately modified their holdings of the corporate. Summit X LLC bought a brand new place in shares of 3M through the third quarter worth roughly $48,000. Adams Wealth Administration bought a brand new place in shares of 3M through the third quarter worth roughly $32,000. Aua Capital Administration LLC bought a brand new place in shares of 3M through the third quarter worth roughly $41,000. Blue Sq. Asset Administration LLC bought a brand new stake in 3M within the 2nd quarter worth roughly $43,000. Lastly, Evolution Wealth Advisors LLC grew its stake in 3M by 47.4% within the third quarter. Evolution Wealth Advisors LLC now owns 364 shares of the conglomerate’s stock worth $58,000 after buying an extra 117 shares through the interval. 61.08% of the stock is owned by institutional buyers and hedge funds.
3M Firm Profile
3M Firm develops, manufactures, and markets varied merchandise worldwide. It operates by 4 enterprise segments: Security and Industrial, Transportation and Electronics, Well being Care, and Shopper. The Security and Industrial section provides private security merchandise, industrial adhesives and tapes, abrasives, closure and masking programs, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and security markets.
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